Unbiased Financial News

Financial news covering stock markets, company earnings, IPOs and mergers, bonds and interest rates, banks, bankruptcies and crypto markets. Market figures are reported with their time and data source, and company results with the filing behind them. This page is not investment advice.Read moreShow lessFAQ

Inflation, jobs and growth data are also reported in our economy news section, and the technology companies that move many markets in our tech news section. Browse all news topics we track.

Altcoins Lose About $200 Billion Since Late September as 70% of Binance Tokens Fall Below 200-Day Average

CryptoQuant analyst Darkfost says altcoin market value has dropped roughly $200 billion since late September, wiping out about two-thirds of the late-summer rally. Around 70% of Binance-listed altcoins now sit below their 200-day moving average, up from about 10% a month ago. Bitcoin, near $76,000, is hovering a few thousand dollars above its own 200-day line.

Gold Up 4.5% and Silver Up 5.4% on the Week, While World Bank and JPMorgan Forecast Lower 2027 Prices

Comex gold closed the week at $4,074.9 an ounce and silver at $51.94, both higher, but analysts like JM Financial's Pranav Mer say momentum remains down. The World Bank and JPMorgan both project lower averages for 2027. Inflation readings from five economies, Fed speeches and the US-Iran conflict will set next week's direction.

Stocks Post Steepest One-Day Drop in Six Months Two Days After Voters Back Data Center Limits

U.S. stocks suffered their worst single-day fall in more than six months on Thursday, Nov. 5, as AI shares sold off two days after midterm voters approved dozens of data center restrictions. AI shares rebounded Friday, but the build-out that Nvidia's Jensen Huang prices at $50 billion per gigawatt now faces local ballot-box resistance and a Congress that may start asking questions.

Crypto Faces Democratic Probes of Trump Ties; Arkham Data Shows Trump Media Moved $343M in Bitcoin

Since Democrats won both chambers on Nov. 3, the crypto industry has been bracing for investigations into the Trump family's digital-asset income, led by incoming Senate Banking Chair Elizabeth Warren. Separately, blockchain tracker Arkham shows Trump Media moved 4,259 BTC to Crypto.com, and noteholders can demand roughly $1 billion in cash on Nov. 30.

Kospi Hits Circuit Breaker, Nikkei Falls 5.7% as AI Selloff Spreads Across Asia

Asian chipmakers took the Thursday Wall Street rout and ran with it Friday. The Kospi triggered a circuit breaker and Taiwan had its worst day in over a year. Some money is already moving toward India and China.

Berkshire's Cash Pile Hits $377.4 Billion as It Sells More Stock Than It Buys in Q3

Berkshire Hathaway's cash and Treasury bills rose to $377.4 billion in the third quarter, while the company bought $2.4 billion of stocks and sold $2.8 billion. Greg Abel put the money into buybacks instead, with Berkshire shares now at records. The mid-November portfolio filing will show what Berkshire actually bought and sold.

Nvidia Falls 9.3% to $181.60 as S&P 500 Posts Worst Day Since April 2025

Nvidia shares closed Thursday at $181.60, about 24% below their October record and negative for 2026, as the S&P 500 fell 4.4% and the Nasdaq entered a correction. The company reports earnings Tuesday, Nov. 17, with guidance of $108 billion in revenue, and its customers' spending plans are the open question.

SpaceX's AI Unit Out-Earned Starlink in Q3: $14.58 Billion Revenue, $4.4 Billion Net Income, $19.6 Billion in Spending

SpaceX's third-quarter report on Oct. 20 showed revenue up 161% to $14.58 billion, with the AI unit at $7.56 billion, ahead of Starlink at $5.25 billion. Capex hit $19.6 billion and the company guided to $35 billion to $40 billion in the fourth quarter. Starlink still generates nearly all of the profit, and no SpaceX-Tesla merger deal has been reached.

Turkish Court Jails Ex-Minister Fatma Betül Sayan Kaya Pending Trial in Fund Probe; She Denies Wrongdoing

An Istanbul court jailed Fatma Betül Sayan Kaya, a former family minister and ex-deputy chair of Erdoğan's AKP, pending trial on capital markets and criminal-organization charges. Prosecutors allege she sold Özata Denizcilik shares a day before regulators liquidated 131 funds. She denies it, and no trial date has been announced.

Bitcoin Holds Near $76,000 as U.S. Spot ETFs Lose $842 Million in Two Sessions

Bitcoin steadied around $76,000 early Saturday after a sell-off of roughly 5% to 6%, but U.S. spot Bitcoin ETFs lost $430.2 million on Nov. 5 and $411.9 million on Nov. 6. November's net withdrawals stand near $1.28 billion. Monday's flow data will show whether institutional buyers are returning or still stepping back.

Berkshire's Investment Gains Fall 46% to $9.4 Billion as Alphabet Stake Sits Below Its Purchase Price

Berkshire Hathaway's third-quarter report, filed today, Nov. 7, shows investment gains down 46% from a year earlier, while Greg Abel's $10 billion Alphabet purchase has slipped underwater. Berkshire's own stock is at records as investors rotate out of AI names. The next test is the detailed holdings filing due later this month.

Binance CFO Kaiser Ng Is Leaving, Company Says Exit Was Planned, Days After $6.3 Billion Hack

Binance CFO Kaiser Ng is stepping down, replaced by Justin Yek. Co-CEO Yi He says a transition plan has been running for half a year, and the company has not tied the exit to the Oct. 29 theft. The FBI expects the North Korean group it blames to keep laundering the stolen funds.

5-Year Treasury Yield Reaches About 5%, First Time Since 2007, as REITs Slip 0.56%

After the 30-year and 10-year yields crossed 5%, the 5-year has followed, the first time it has been there since 2007. U.S. REITs fell 0.56% on Nov. 6. Property owners now face higher borrowing costs while safe bonds pay more than they have in nearly two decades.

S&P 500 Fell 4.36% Thursday, Erasing $2.9 Trillion in Market Value, as AI Stocks Sold Off After Democratic Sweep

Two days after Democrats won both chambers of Congress, the S&P 500 dropped 4.36% to 7,353.73 on Thursday, Nov. 5, led by a slide in AI and data-center stocks. The new majority doesn't take power until January 2027, and any sweeping crackdown faces a likely Trump veto, so the immediate fight is over what Senate committee chairs do with subpoena power.

Berkshire Buys Back Record $9.6 Billion of Its Own Stock as Operating Profit Falls 6%

Berkshire Hathaway spent $9.6 billion on its own shares in the third quarter, its largest quarterly buyback ever, while operating profit fell 6% to $12.71 billion on weaker insurance results. Greg Abel is spending the company's cash pile faster than Warren Buffett did, and next week's portfolio filing will show which stocks Berkshire bought and sold.

Democrats Plan Subpoenas of Trump Family Crypto Ventures After Taking Congress

Democrats won control of Congress on Nov. 3, and incoming committee chairs Robert Garcia and Elizabeth Warren have signaled probes of World Liberty Financial and the Changpeng Zhao pardon once they take over in January 2027. No investigation has formally opened yet. Reuters has estimated the Trump family's crypto ventures earned about $2.3 billion through April 2026, while the White House has dismissed the plans.

Polymarket Investigates Trader Who Made $257,000 on Senate Bets Placed Before NYT/Siena Polls, Vanderbilt Researchers Say

Polymarket says it has spotted and is investigating well-timed trades placed shortly before two New York Times/Siena polls were published. Vanderbilt researchers flagged one account, and nobody has shown it had advance access to poll results. Embargoed political data now sits next to anonymous crypto wallets, and nobody has said who is responsible for policing that.

Anthropic IPO Price Talk Slips to $1.2 Trillion to $1.3 Trillion Before Roadshow Slated for Next Week

Since Anthropic's S-1 went public Oct. 26, price talk has fallen from $1.4 trillion to $1.5 trillion to $1.2 trillion to $1.3 trillion, with a few buyers eyeing $1.1 trillion, people familiar with the talks said. The Nasdaq 100's 6.4% drop on Thursday is the backdrop. A roadshow slated for the week of Nov. 9 now has to sell a lower number, and Anthropic has not said whether it will hold the schedule.

Wall Street Claws Back Part of AI Rout Friday: Nasdaq Up 1.1%, S&P 500 Still Down 2.7% on the Week

A day after the post-election AI rout, the Nasdaq closed up 1.1% and the S&P 500 up 0.3% on Friday, Nov. 6, while the Dow slipped about 0.5%. The S&P 500 still ended its worst week since April 2025, and a strong jobs report pushed December Fed rate-hike odds to roughly 77%. The next tests are the Fed's December meeting and what the new Congress does on data centers after it is seated in January.

Anthropic Presses Ahead With Nasdaq IPO as Investors Tell WSJ the Valuation Must Fall

Anthropic is still moving toward a November Nasdaq listing after Thursday's selloff, but three major would-be IPO participants told the Wall Street Journal the $1.5 trillion valuation analysts had forecast needs to come down. The S-1 shows $16.3 billion in first-half revenue and a net loss of almost $81 billion. The pricing and the start of the roadshow, expected within days, will show how much the selloff costs the company.

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